2. To equip students to better appreciate the methodology of
economics together with its strengths and weaknesses.

3. To equip students to develop the ability to apply the analytical method to
macroeconomic phenomena by employing graphical analysis and quantitative problem
solving techniques.

4. To provide a detailed understanding of how market systems function in the
aggregate.

5. To develop an understanding of the economic aspects of
problems such as the business cycle, cyclical unemployment and
inflation, productivity and economic
growth, and international balance of payments disequilibrium.

6. To enhance students' abilities to critically evaluate the roles of the
federal government and Federal Reserve System in the macro-system and the
policies they employ to deal with important macroeconomic issues.

7. Students will learn to actively and independently utilize the analytical
framework of economics in personal decision making as well as the exercise of
their citizen responsibilities.

8. In addition to the above general objectives, students, for
examination purposes, will be required to

a. know the basic terms of economics, particularly
macroeconomics. This includes knowing the definitions and when to
use them correctly in dealing with particular macroeconomic
problems;

b. understand economic concepts and principles, particularly
as they relate to one another and to changing macroeconomic
conditions;

c. apply economic principles to new situations. This requires
that students be able to identify the appropriate principle(s)
relevant to a specific problem and to analyze the problem or
circumstance in terms of the appropriate principle or principles;

d. be able to interpret economic data in evaluating the
condition of the macroeconomy. This implies the ability to
differentiate between relevant and irrelevant data, to identify
the trends in data and to make appropriate inferences from data
as well as identify unwarranted conclusions.

COURSE REQUIREMENTS

1. Read all assigned materials.

2. Attendance: Attendance will be regularly taken. Experience has
repeatedly shown that students who frequently miss class do not succeed in this
course.

3. Satisfactory completion of the following:

Quizzes (10 @ 30 pts. ea.). . . . .. . . . . . . . . 300 points

Four Homework Assignments . . . . . . . . . . . 90 points

Mid-term examination . . . . . . . . . . . . . . . . . 150
points

Final examination . . . . .. . . . . . . . . . . . . . . . 200
points

TOTAL . . . . . . . . . . . . . . . . . . . . . . . .
. 740 points

In addition, you may choose to take up to six additional online, bonus quizzes
for a possible total of 30 bonus points. To earn the bonus points on a quiz, you
must get at least 70% of the multiple-choice questions correct.

3. There will be no make-up quizzes. Your top ten scores will be used in
calculating your final grade.

4. Students unable to take a examination at the prescribed
time must arrange to take a make-up examination. However, a
ten-percent penalty will be assessed for make-up exams. Make-up
examinations will not be allowed after examination papers
are returned to the class.

5. Final course grades will be based on the following grading
scale:

A . . . . . 100 - 88%

B . . . . . 87 - 77%

C . . . . . 76 - 66%

D . . . . . 65 - 51%

F . . . . . 50% & below

Plus and minus signs will be assigned to grades where
appropriate.

COURSE OUTLINE AND READING SCHEDULE

Dates, Subjects, and Reading Assignments

I. INTRODUCTION TO ECONOMICS: 01/08, 10

A. Course Syllabus

B. Economics & Its Methodology Ch. 1*

C. The Economic Problem & the PPF Model Ch. 2 *

II. INTRODUCTION TO MACROECONOMICS: 15, 17, 22, 24, 29, 31

A. Measuring GDP and Economic Growth Ch. 4*

B. Monitoring Jobs and the Price Level Ch. 5*

C. Economic Growth Ch. 6**

D. Finance, Saving, and Investment Ch. 7*

*An online, multiple-choice quiz will be given on each one of
these chapters.